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Dec 4, 2012
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china -- at least japan's a democracy. >> you're lucky you were blowing the whistle in japan and not china. you wouldn't be here. >> a good point. >> it's a crazy story. i still can't get over -- >> the author of republicans at the gate did a review in the new york times and he said this story compares with a john grisham knowledge and it does. >> what was the 700 million, fees paid to banks? >> it was just false fees. one piece of paper. >> and who ended up lining the pockets here? >> the money went to the cayman islands. so we'll a never know the truth. part of it was just to try to use off balance sheet vehicles to write them down. >> this former ceo, has he got cayman island accounts? >> i don't think there's any evidence of personal gain. no evidence of that. but last month in japan -- >> who was the owner of cayman island accounts? >> we'll never know all the truth. we'll never know all the truth unfortunately. but the whole board had to stand down last year. the local boa first time in the history of the knee nikkei. >>> nmichael, thanks for joinin us. when we come back, we'll
china -- at least japan's a democracy. >> you're lucky you were blowing the whistle in japan and not china. you wouldn't be here. >> a good point. >> it's a crazy story. i still can't get over -- >> the author of republicans at the gate did a review in the new york times and he said this story compares with a john grisham knowledge and it does. >> what was the 700 million, fees paid to banks? >> it was just false fees. one piece of paper. >> and who...
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Dec 20, 2012
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overseas in asia, a little bit of a sell-off in japan. remember, though, the nikkei did see some massive gains the day above. in fact closed above 10,000 on wednesday for the first time since all the way back to march. overnight it ended up closing down by about 121 points, or make that tuesday. wednesday was the sell-off. where am i? no, no, no, wednesday was the big move up, thursday was the sell-off. they're 12 hours ahead of us. in europe at this hour you can see that there are barely any gains anywhere across the markets. relatively flat for both the ftse, the cac, and for the dax, saz well. again, all of these kind of waiting to see what happens in washington. >> things got derailed and boehner today is going to -- we're going to have a vote in the house on the plan "b," which would, you know what that would involve, things kind of got retailed this week. i don't think i've talked to steve forbes in quite awhile. steve, it's great to have you on. everybody knows who you are. a lot of people, you know, since november 6th. there's usu
overseas in asia, a little bit of a sell-off in japan. remember, though, the nikkei did see some massive gains the day above. in fact closed above 10,000 on wednesday for the first time since all the way back to march. overnight it ended up closing down by about 121 points, or make that tuesday. wednesday was the sell-off. where am i? no, no, no, wednesday was the big move up, thursday was the sell-off. they're 12 hours ahead of us. in europe at this hour you can see that there are barely any...
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Dec 5, 2012
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construction in bangkok, in japan, in russia, in middle east. we're growing all around, in russia and in china. however, growth is not taking place in the u.s. and europe. and for major developments. >> we talked about back when greg was dealing with the financial crisis. we questioned whether luxury was going to be something to invest in. >> oh, absolutely unquestionably. >> nothing will change? >> the one thing we have to understand, though, luxury is changing. what you call luxury today, the traditional five-star hotels. they will be known as affordable luxury. and then there's ultra luxury that is developing clearly over the last ten years. >> and it's not just here that there's income disparity. >> everywhere. >> you see really rich people all around the world. >> it's not only rich people. our occupancy is 60%, 70% rich people and the others are up buyers who say i'm going to buy up. >> they're not all like greg fleming. >> he doesn't need to. he just bias it. >> you can just stay in it, christmas season or not. >> because of all the tensi
construction in bangkok, in japan, in russia, in middle east. we're growing all around, in russia and in china. however, growth is not taking place in the u.s. and europe. and for major developments. >> we talked about back when greg was dealing with the financial crisis. we questioned whether luxury was going to be something to invest in. >> oh, absolutely unquestionably. >> nothing will change? >> the one thing we have to understand, though, luxury is changing. what...
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Dec 14, 2012
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i want to talk about japan. i know our audience is carrying a lot more these days about the fiscal cliff, but we've got another cliff of sorts coming up in japan, the electrics sunday. everyone is expecting that abe follows in the footsteps of mr. draghi and europe and mr. bernanke here in the u.s. we can more yen printing, that weakens the yen. maybe american investors can make some money in japanese stocks. i'd be curious where you think the election is going. does it matter? >> i think the world has more possibility that your pen might change course as far as monitoring fiscal policy after the elections. but the japanese realize when you play with fire, you might end up burning down the house. jgb's nine times tier one capital, if they're not careful, they can trigger a run on jgb and the house base comes tumbling down. so i think actually the next government is tokyo will be a lot more cautious. i think the market is -- >> so we can get another huge disappointment. so everyone thinks the dollar/yen is finall
i want to talk about japan. i know our audience is carrying a lot more these days about the fiscal cliff, but we've got another cliff of sorts coming up in japan, the electrics sunday. everyone is expecting that abe follows in the footsteps of mr. draghi and europe and mr. bernanke here in the u.s. we can more yen printing, that weakens the yen. maybe american investors can make some money in japanese stocks. i'd be curious where you think the election is going. does it matter? >> i think...
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Dec 21, 2012
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partly on some of the recall bragz of japan's outlook. but also, of course, on new about the fiscal cliff, sent stocks around the world tumbling. we should mention a lot of trading activity has diminished as people approach the first of the year. we saw after a significant weakening that it is rebounding today, but pretty much everything is. flows are going into the dollar as the safe haven trade. the euro/dollar down about a third of a percent. 1.32, still the level there. but back over to you guys. glad to see that we're all still standing. >> we are. and we came in prepared for the end. we came in prepared for the worst. >> kelly, you were ready to run or whatever it is to do. you look like you're in clothes where, you know, if you had to -- >> she has roller blades on. >> yeah. and you have a -- >> i'm with you guys. i wore my heavy -- my boots are right there. >> i have canned goods under the desk. >> you can run in boots? >> oh, yes, you can. but kelly looks totally survival ready. >> i am. joe, i have stockpiled food under the desk
partly on some of the recall bragz of japan's outlook. but also, of course, on new about the fiscal cliff, sent stocks around the world tumbling. we should mention a lot of trading activity has diminished as people approach the first of the year. we saw after a significant weakening that it is rebounding today, but pretty much everything is. flows are going into the dollar as the safe haven trade. the euro/dollar down about a third of a percent. 1.32, still the level there. but back over to you...